The influence of profitability towards firm value

Halim, Sharon Nicole (2024) The influence of profitability towards firm value. Bachelor thesis, Universitas Pelita Harapan.

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Abstract

Every company must have the same main goal, which is increasing firm value. The higher the firm value, it can indicate that the welfare of shareholders has been achieved. Therefore, the purpose of this study is to determine the influence of profitability as measured using the Return on Asset (ROA) ratio on firm value as measured using Tobin's Q using 4 control variables, there are leverage, liquidity, company size and sales growth. This research uses a quantitative approach and sampling in this study using purposive sampling method using 30 companies in the consumer non-cyclicals sector in 2014-2023 listed on the Indonesia Stock Exchange, so that in this study a sample of 300 was obtained. Because there are extreme values, the researchers conducted treatment so that a sample of 227 was obtained in this study, the data analysis method used in this study is multiple linear regression analysis using the IBM SPSS Statistics 23 application. Based on the results of this study, it can be concluded that profitability has a positive influence towards firm value and this can help management and stakeholders in creating financial and operational strategies that support profitability to maximize the company's value in the market./ Setiap perusahaan pasti memiliki tujuan utama yang sama yaitu meningkatkan nilai perusahaan. Semakin tinggi suatu nilai perusahaan, maka dapat mengindikasikan bahwa telah tercapainya kesejahteraan bagi para pemegang saham. Oleh karena itu, tujuan dari penelitian ini yaitu untuk mengetahui pengaruh profitabilitas yang diukur dengan menggunakan rasio Return on Asset (ROA) terhadap nilai perusahaan yang diukur dengan menggunakan Tobin’s Q dengan menggunakan 4 variabel kontrol, yaitu leverage, likuiditas, ukuran perusahaan dan sales growth. Jenis penelitian ini menggunakan jenis penelitian kuantitatif dan pengambilan sampel pada penelitian ini menggunakan metode purposive sampling dengan menggunakan 30 perusahaan pada sektor consumer non-cyclicals pada tahun 2014-2023 yang terdaftar di Bursa Efek Indonesia, sehingga pada penelitian ini diperoleh sampel sebanyak 300. Karena terdapat nilai yang ekstrim, maka peneliti melakukan treatment sehingga diperoleh sampel sebanyak 227 pada penelitian ini, Metode analisis data yang digunakan pada penelitian ini yaitu dengan analisis regresi linier berganda dengan menggunakan aplikasi IBM SPSS Statistics 23. Berdasarkan hasil penelitian ini, dapat disimpulkan bahwa profitabilitas berpengaruh positif terhadap nilai perusahaan dan hal ini dapat membantu manajemen dan pemangku kepentingan dalam membuat strategi keuangan dan operasional yang mendukung profitabilitas guna memaksimalkan nilai perusahaan di pasar.
Item Type: Thesis (Bachelor)
Creators:
Creators
NIM
Email
ORCID
Halim, Sharon Nicole
NIM03012210012
ronhalim07@gmail.com
UNSPECIFIED
Contributors:
Contribution
Contributors
NIDN/NIDK
Email
Thesis advisor
Sitompul, Thomson
NIDN0304019301
thomson.sitompul@uph.edu
Uncontrolled Keywords: Profitability; firm value; liquidity; sales growth; consumer non-cyclicals
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: University Subject > Current > Faculty/School - UPH Medan > Business School > Accounting
Current > Faculty/School - UPH Medan > Business School > Accounting
Depositing User: Sharon Nicole Halim
Date Deposited: 14 Apr 2025 09:37
Last Modified: 14 Apr 2025 09:37
URI: http://repository.uph.edu/id/eprint/68101

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